147-153 Canterbury Road, Kilsyth

Overview

A high clearance warehouse of approximately 10 metres that benefits from two canopy enclosed areas and 10 roller doors. The property is 100% occupied by B&D Australia, a subsidiary of the Dulux Group, who have been in occupation since the building was constructed. There is significant infrastructure investment in the facility – with eight gantry cranes and various forms of manufacturing equipment. 

Property Information

  • Building typeIndustrial
  • Year built1972
  • TitleFreehold
  • Metro areaMelbourne, East
  • ZoningIndustrial 1 Zone
  • Site area (hectares)2.3
  • Site coverage (%)52
  • Lettable area ('000sqm)11.9
  • Lettable area adjusted for ownership ('000sqm)11.9
  • Number of buildings1
  • Car parking spaces80
  • OwnerDXI
  • Ownership (%)100
  • Major tenantB&D Australia
  • Acquisition dateMay 2019
  • Book value at ownership ($m)19.0
  • Independent valuation dateDecember 2021
  • Independent valuation at ownership ($m)19
  • Market cap rate (%)4.50
  • Leased by area (%)100
  • Weighted lease term by income (years)5.5
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